Gentrification

[Sarah]

When urban renewal of lower class neighbourhoods with condos attracts yuppie tenants, driving up rents and driving out long time, lower income residents. It often begins with influxes of local artists looking for a cheap place to live, giving the neighbourhood a bohemian flair. This hip reputation attracts yuppies who want to live in such an atmosphere, driving out the lower income artists and lower income residents, often ethnic/racial minorities, changing the social character of the neighbourhood.
It also involves the yuppification of local businesses; shops catering to yuppie tastes like sushi resaturants, Starbucks, etc... come to replace local businesses displaced by higher rents.
The term was coined by sociologist Ruth Glass, who is quoted below.

[Becky]

When a bunch of white people move to the ghetto and open up a bunch of cup cake shops

[Justin Bieber]

When uppity white people move into a ghetto and take over the real estate, which fucks over the current residents. Usually followed by the opening of a shit ton of Starbucks, Nordstroms, and Whole Foods.

[Becky]

A buzzword uttered mostly by those who are outraged that improving a neighborhood means people will spend more money to live in it.

[Sonia]

Oppression of the professional victim class by Da Man.

[Becky]

a racist term used by hispanics to express displeasure over having a white person living near them.

[Dorothey Allen]

when [housing] prices in a neighborhood [go up] because a bunch of [hipsters] moved in

[Merna]

When you buy a house that hasn’t been [painted] in 30 years and finally put some [paint] on [that thing].

[Luis Fok]

The act of increasing the quality of a crap neighborhood to livable, sanitary conditions, thereby removing the property value from the toilet and basically [polishing a turd]. Racists hate it because it typically means more of the evil, oppressive [Equinsu Ocha], and criminals hate it because crime rates typically plummet. The parasite class is sometimes resultingly displaced in favor of the working middle-class. An unfortunately occasional by-product of [gentrification] is an increase in a liberal presence which benefits nobody.

[Tanya Shivari]

A term used by those who are intellectually impaired to try and negatively label the positive progress which is renovation of local [infrastructure] in an urban area while still having access to high end amenities like [Wi-Fi], Double-shot [Mocha Lattes] and of course, social media apps.

[Couch Potatoe]

The process of renovating and improving housing or a district so that it conforms to middle-class taste.